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31 Mar 2020 5:53
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  •   Home > News > Business

    A weaker New Zealand dollar is a boon for farmers

    A weaker New Zealand dollar is a boon for farmers, offsetting recent drops in Fonterra's dairy payout


    Fonterra
    Fonterra
    ASB Rural Economist Nathan Penny says dairy production's also likely to be up over the season.

    Exporters have benefited from a fall in the dollar - from 74 US cents to 65 - this year.

    Penny says that'll make up for slightly lower dairy price - but things are still looking fine.

    He says they've forecast the payout will be six-dollars 50, which will mean the majority of farmers are still making money.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     31 Mar: Air New Zealand is warning its staff it's about to embark on a process to shed 3500 jobs
     31 Mar: The BNZ says the economy will bounce back after the pandemic but warns it will not go back to what it was pre-crisis
     31 Mar: The Earthquake Commission's disappointed a tiff with an insurance company has progressed to the courts
     30 Mar: The NRL has announced it will pay a total of 40-million dollars in monthly grants to its clubs between April and October to help keep them financially afloat during the Covid-19 Pandemic
     30 Mar: Countdown says a lack of price specials is down to stock levels, and efficiency
     30 Mar: Concerns around price hikes at supermarkets will be addressed by the Prime Minister today
     29 Mar: A bonus for some supermarket workers on the grocery store floor
     Top Stories

    RUGBY RUGBY
    Decisions are yet to be made on whether rugby's Mitre 10 and Farah Palmer cups will be played this year More...


    BUSINESS BUSINESS
    Air New Zealand is warning its staff it's about to embark on a process to shed 3500 jobs More...



     Today's News

    Rugby:
    Decisions are yet to be made on whether rugby's Mitre 10 and Farah Palmer cups will be played this year 5:06

    Business:
    Air New Zealand is warning its staff it's about to embark on a process to shed 3500 jobs 4:36

    International:
    Dr Norman Swan's been tested for coronavirus. Here's what to do if you have COVID-19 symptoms too 4:36

    Health & Safety:
    36 new intensive care beds at Christchurch Hospital's Hagley building are being fast tracked - so they are available for treating COVID-19 patients 4:36

    Business:
    The BNZ says the economy will bounce back after the pandemic but warns it will not go back to what it was pre-crisis 4:36

    Business:
    The Earthquake Commission's disappointed a tiff with an insurance company has progressed to the courts 4:36

    Law and Order:
    A man's been arrested trying to scale the Christchurch Justice Precinct building 4:36

    International:
    Coronavirus anxiety: Recognising the impact a pandemic can have on your mental health 23:07

    Politics:
    India's coronavirus measures prompt beatings and forced push-ups. Travellers say they're scared to leave hotel rooms 22:17

    Entertainment:
    Sarah Jessica Parker and Matthew Broderick never discuss their work at home 21:56


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